Part of the K. Raheja Corp, Chalet Hotels Limited (CHL) is an owner, developer and asset manager of high-end hotels in key metro cities in India. The Company’s hotel platform comprises five operating hotels including a hotel with a co-located serviced residence, located in the key Indian cities of Mumbai, Hyderabad and Bengaluru, representing 2,331 keys as of March 31, 2018. All the hotels are branded with globally recognized brands, such as, JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton, which are held by Marriott Hotels India Private Limited and its affiliates. The four hotels properties and a serviced residence which are managed by third parties are JW Marriott Hotel Mumbai Sahar, Bengaluru Marriott Hotel Whitefield, The Westin Hyderabad Mindspace, Renaissance Mumbai Convention Center Hotel and Marriott Executive Apartments.
The strength of the Company’s hotel platform is based on strategic locations, efficient design and development of the hotels, appropriate positioning in hotel segments together with branding and operational tie-ups with leading hospitality companies. All the hotel assets are located in high density business districts of their respective metro cities with high barriers-to-entry close to airports, major business centers or commercial districts and other convenient locations. CHL also endeavor to build hotels to superior standards targeting the luxury-upper upscale and upscale hotel segments at an efficient gross built up area and development cost per key. CHL also received several awards and accreditations which includes ‘Most Preferred Business Hotel of the Year’ & ‘Most Preferred Luxury Hotel of the year’ awarded to JW Marriott Mumbai Sahar by CMO Asia Awards, 2017, ‘Best Business Hotel’ of the year awarded to The Westin Hydrabad Mindspace, by CMO Asia Awards, 2016 to name a few.
The Company has also developed commercial and retail spaces at close proximity to its hotels. The Company has a competitive advantage in key metro cities due to its early mover advantage in large, mixed-use developments in specific micro-markets.
The Company follows an active asset management model for the hotels operated by third parties, pursuant to which it closely monitors, and exercise regular oversight over, the performance of the hotel properties.
We are part of K. Raheja Corp group which is a leading business group in India and we believe that we derive significant benefit from the confidence that consumers, lenders, hospitality partners, vendors and others place in the group. CHL’s promoters include Mr. Ravi C. Raheja and Mr. Neel C. Raheja, who have been instrumental in the growth of business and actively advice on finance, corporate strategy and planning as well as our hotel and retail businesses. Our Managing Director and CEO, Mr. Sanjay Sethi has three decades of experience in the hospitality industry and our Executive Director and CFO, Mr. Rajeev Newar, has over 26 years of experience in various industries.